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FAB issued Oman CMA Custody license, signs agreement with Muscat Clearing and Depository reporters@khaleejtimes.com Filed on January 24, 2021 First Abu Dhabi Bank (FAB) has become a direct custodian member of Muscat Clearing and Depository (MCD) in the Sultanate of Oman. FAB is the third international custodian of the securities depositary linked to the country’s stock exchange, Muscat Securities Market (MSM). It will contribute to MCD’s mission to promote post-trade solutions that systematically reduce risks, enhance operating efficiency and minimise cost. Haitham Al Salmi, GM at Muscat Clearing and Depository, said: “We are delighted to welcome First Abu Dhabi Bank as custodian of the MCD. We look forward to collaborating with the FAB team to introduce further post-trade enhancements and provide their regional and international client-base with access to Oman’s capital markets.”

Saudi arabiaAbu dhabiAbuz abyUnited arab emiratesSultanate of omanKashif darrHaitham al salmiSecurities servicesFirst abu dhabi bankMuscat clearingMuscat securities marketசவுதி அரேபியாஒன்றுபட்டது அரபு அமீரகங்கள்சுல்தானேட் ஆஃப் ஓமான்காஷிஃப் டர்பத்திரங்கள் சேவைகள்